P

Packing List
Itemized list of commodities with marks/numbers but no cost values indicated.

Pallet
A platform with or without sides, on which a number of packages or pieces may be loaded to facilitate handling by a lift truck.

Parcel Receipt
An arrangement whereby a steamship company, under rules and regulations established in the freight tariff of a given trade, accepts small packages at rates below the minimum bill of lading, and issues a parcel receipt instead of a bill of lading.

Partial Shipments
Under letters of credit, one or more shipments are allowed by the phrase "partial shipments permitted."

Payee
A party named in an instrument as the beneficiary of the funds. Under letters of credit, the payee is either the drawer of the draft or a bank.

Payer
A party responsible for the payment as evidenced by the given instrument. Under letters of credit, the payer is the party on whom the draft is drawn, usually the drawee bank.

Pickup
The act of calling for freight by truck at the consignor's shipping platform.

Pier
The structure perpendicular to the shoreline to which a vessel is secured for the purpose of loading and unloading cargo.

Pier-to-House
A shipment loaded into a container at the pier or terminal, thence to the consignee's facility.

Pier-to-Pier
Containers loaded at port of loading and discharged at port of destination.

Place of Delivery
Place where cargo leaves the care and custody of carrier.

Place of Receipt
Location where cargo enters the care and custody of carrier.

Point of Origin
The place at which a shipment is received by a carrier from the shipper.

Port
- Harbor with piers or docks.
- Left side of a ship when facing forward.
- Opening in a ship's side for handling freight.

Port of Entry
Port where cargo is unloaded and enters a country.

Port of Exit
Place where cargo is loaded and leaves a country.

Prepaid (Ppd.)
Freight charges paid by the consignor (shipper) prior to the release of the bills of lading by the carrier.

Pro Forma
A Latin term meaning "For the sake of form."